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MILAGROS

Operated by CIRCLE-S ENERGY, LLC (P-5 100703) in the HAWKVILLE (EAGLEFORD SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 292888District 01Field 39744500GasSave
Value, all time
$16.0 M
May 2022 – May 2026
Value, last 12 filed months
$736 k
at the published price for each month
Months reported
49
no gaps in the span
Streams
1
gas

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
GasProduction2,960,975 Mcf$15,972,216
Total$15,972,216

Every month this lease reported (49)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

49 months

May 202613,294106.413.05$40,491
Apr 20265,27498.932.87$15,135
Mar 202610,83489.753.15$34,121
Feb 202616,44663.503.75$61,678
Jan 202619,76059.138.00$158,039
Dec 202516,42756.664.41$72,498
Nov 202513,38658.593.93$52,559
Oct 202522,80059.383.30$75,350
Sep 20251,81562.743.08$5,585
Aug 202522,52363.933.01$67,901
Jul 202524,75866.743.32$82,078
Jun 202522,62466.483.13$70,784
May 202526,37060.553.23$85,236
Apr 202527,12762.363.54$96,114
Mar 202529,27667.704.27$124,959
Feb 202528,62870.884.34$124,270
Jan 202533,60874.324.28$143,798
Dec 202436,76068.993.12$114,742
Nov 202436,59169.052.20$80,443
Oct 202444,55371.372.28$101,643
Sep 202428,36569.612.36$67,065
Aug 202437,16275.632.06$76,689
Jul 202441,32779.932.15$88,712
Jun 202425,92178.082.63$68,275
May 202431,38578.812.20$68,998
Apr 202436,70684.451.66$60,903
Mar 202451,86580.301.55$80,138
Feb 202432,56276.091.78$58,079
Jan 202431,40773.023.30$103,570
Dec 202327,77271.262.61$72,505
Nov 202330,54477.892.81$85,754
Oct 202332,26685.443.09$99,614
Sep 202345,62889.042.74$124,794
Aug 202331,77980.522.67$84,941
Jul 202340,94474.852.64$108,166
Jun 202335,82068.962.26$80,899
May 202356,25270.622.23$125,296
Apr 202363,38278.122.24$141,834
Mar 202369,82272.852.39$167,095
Feb 202372,05375.112.47$177,660
Jan 202396,77576.533.39$327,847
Dec 2022110,62476.415.73$633,774
Nov 2022125,46685.005.65$708,406
Oct 2022151,17287.185.86$886,436
Sep 2022180,45684.888.16$1,473,185
Aug 2022234,08394.529.13$2,136,513
Jul 2022277,161101.587.54$2,090,370
Jun 2022282,342115.097.98$2,252,299
May 2022227,080109.378.43$1,914,975

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Gas               13,294 Mcf  × $  3.05 =    $40,491

────────────────────────────────────────────────────
Month total                                  $40,491

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 01/G/292888 is the state's own key, not one this site invented.